It should drain at least somewhat, from the water intake, when tilted. Outboards are self draining, and they will drain thru the lowest escape avenue. If you stop the motor and tilt it up right away, a lot of water will drain thru the water intake. If you stop the motor and let her sit a few minutes, water will drain (underwater, out of your sight) from the prop, gratings above the antiventilation plate and the water intakes.